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The influence of the opening of the old palace Wangfujing Ole at the end of the year on the Vanke Plaza of Zhuzong

competition pressure, investment promotion and operation pressure.

1. Competitive pressure: Wangfujing Ole is a famous commercial brand in Beijing. The opening of Wangfujing Ole will inevitably attract a large number of consumers to shop, which will bring certain competitive pressure to Vanke Plaza. This will have a certain impact on the passenger flow and sales of Vanke Plaza.

2. Investment promotion and operation pressure: The opening of Ole Wangfujing will also have an impact on the investment promotion and operation of Vanke Plaza.